We are looking at the USD/CAD and NZD/USD pairs in this video for hte upcoming May 17 session. The USD/CAD is currently testing the all-important 0.97 level, and looks like a fair amount of sellers are starting to step in, possibly continuing the overall down trend. We look at the possible signal that is showing up on the charts. The NZD/USD is showing signs of massive support at the 0.78 mark, in the form of a hammer on the daily chart. Looking at it, we see a possible run back to the 0.80 mark in the short-term.
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